Question

Balance of services is the sum of all invisible service receipts and payment which could be ___________.

• A. Zero
• B. Positive
• C. Negative
• D. Zero, positive or negative

Answer 1

Answer: (D)

Zero, positive or negative

Balance of services is a part of balance of payments where the receipt and payment of only intangible things i.e. services are taken into account which can be zero where receipt is equal to payment, positive where receipt is more than payment and negative where payment is more than the receipt.